The family behind media giant Shaw Communications announced on 20 April that it has increased its stake in the company by purchasing over one million Class B non-voting shares.
The group, controlled by the founding Shaw family, said in a statement that the family had bought the publicly traded shares, but did not reveal how much they paid for the purchase. Following this transaction, the Shaw family will own more than 51 million (8.3%) Class A and Class B shares, and said that they will continue to buy more shares on a regular basis.
